Bunge Global SA (NYSE:BG) Shares Sold by KBC Group NV

KBC Group NV lessened its position in Bunge Global SA (NYSE:BG - Free Report) by 71.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,755 shares of the basic materials company's stock after selling 453,111 shares during the quarter. KBC Group NV owned 0.13% of Bunge Global worth $17,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BG. Oppenheimer & Co. Inc. boosted its stake in shares of Bunge Global by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 61,826 shares of the basic materials company's stock valued at $5,975,000 after purchasing an additional 716 shares during the period. Victory Capital Management Inc. grew its position in shares of Bunge Global by 2,840.3% in the third quarter. Victory Capital Management Inc. now owns 129,698 shares of the basic materials company's stock valued at $12,534,000 after purchasing an additional 125,287 shares during the period. Aigen Investment Management LP acquired a new position in shares of Bunge Global during the 3rd quarter valued at $468,000. GSA Capital Partners LLP raised its position in shares of Bunge Global by 38.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,769 shares of the basic materials company's stock valued at $1,427,000 after purchasing an additional 4,084 shares in the last quarter. Finally, Versor Investments LP grew its holdings in shares of Bunge Global by 100.6% during the third quarter. Versor Investments LP now owns 8,016 shares of the basic materials company's stock valued at $775,000 after purchasing an additional 4,020 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Bunge Global from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Trading Up 2.9 %

Shares of BG traded up $2.54 during trading hours on Friday, reaching $90.60. 3,252,661 shares of the company traded hands, compared to its average volume of 1,570,274. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67. The stock's fifty day moving average price is $93.00 and its 200 day moving average price is $100.34. Bunge Global SA has a 12-month low of $82.18 and a 12-month high of $114.92.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.